CEO Update November 2015


20-Nov-2015

CEO Update November 2015

How do we make the most of the opportunities offered by greater trade liberalisation and the rise of Asia? It’s a question that we have been asking ourselves a lot recently, and we’re sure many of the region’s business have been doing the same.

The RDA Orana Committee, team and guests were at the Second Annual Orana Outlook Dinner when Mark Coulton MP relayed the news that the Lower House had signed off on the China Free Trade Agreement (CHaFTA). A fitting moment in a dinner themed ‘Think Global, Act Regional’.

This dinner is an annual celebration by RDA Orana of the economic success of the region, and a chance to talk about what may come in the future. In this month’s newsletter we’re sharing Chair, John Walkom’s speech from the evening; for those who were not able to make it, we hope to see you next year.

We are far from the only people having these types of conversations. The Committee for Economic Development of Australia CEDA has recently released their policy positioning paper on Australia’s stance on global trade. We’ve prepared a brief snapshot of some of the key quotes in the paper and included take away points on how these relate to the Orana region.

One of the key emerging global markets is, of course, the trade of carbon and other ‘bioeconomy’ products and services. The Orana has again shown its leadership in this field within the Australian policy setting. The region has fared very well in the second round of the Emissions Reduction Fund (around $66m worth mostly in Bourke Shire)

Prior to the fund being announced RDA Orana presented in Cobar, on the many different ways that businesses can get involved in Carbon abatement, and the co-benefits – it is certainly an economic imperative not just an environmental approach. The second auction has shown that a more diverse array of business can, and have, developed suitable projects for auction.

 


Return to Blog